ST OLAF COLLEGE
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2024
$299,892,996
Program Services
73%
Other
11%
Contributions
8%
Investments
6%
Government Grants
1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$272,557,639
Grants
46%
Salaries & Benefits
29%
Other
10%
Depreciation
6%
Offices, Occupancy & IT
5%
Fees to Service Providers
2%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$23,345,526
$25,068,128
+7%
Government Grants
$6,550,743
$4,247,177
-35%
Fundraising Events
$0
$0
-
Program Services
$204,610,549
$218,603,215
+7%
Membership Dues
$0
$0
-
Investments
$17,579,688
$18,012,755
+2%
Other
-$513,217
$33,961,721
-6717%
Total Revenues
$251,573,289
$299,892,996
+19%
Expenses
2023
2024
Change
Grants
$115,780,297
$125,998,647
+9%
Benefits to Members
$0
$0
-
Salaries & Benefits
$75,234,529
$79,479,459
+6%
Fees to Service Providers
$5,468,365
$5,797,447
+6%
Advertising & Promotion
$487,354
$453,807
-7%
Offices, Occupancy & IT
$12,979,464
$13,516,139
+4%
Interest
$3,803,606
$3,755,113
-1%
Depreciation
$14,508,385
$15,304,512
+5%
Other
$24,560,741
$28,252,515
+15%
Total Expenses
$252,822,741
$272,557,639
+8%
Net income
2023
2024
Change
Net income
-$1,249,452
+$27,335,357
-2288%
Functional Expenses
Summary
2023
2024
Change
Program
$234,755,060
$250,889,674
+7%
Admin
$12,306,841
$15,232,055
+24%
Fundraising
$5,760,840
$6,435,910
+12%
Total Expenses
$252,822,741
$272,557,639
+8%
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